Blockchain Groups of Japan and South Korea Joining Forces

BCCC and KBOF will deepen cooperation and will share accumulated knowledge with each other
21 December 2017   834

Yesterday Blockchain Collaborative Consortium (BCCC) of Japan announced that it has been in collaborative talks with the Korean Blockchain Open Forum (KBOF) since November and the two groups signed a formal agreement during the Blockchain TechBiz Conference on December 19 in Seoul.

The BCCC noted that in the future, the consortium will deepen cooperation with the KBOF and both groups will share accumulated knowledge with each other.

According to the BCCC, over 200 companies have joined the consortium since it launched, including Microsoft Japan, Mitsui Sumotomo Insurance, PwC, Bitbank and ConsenSys and many others.

The KBOF said in the announcement that the forum has 157 organizations drawn blockchain startups, IT firms, government agencies, academic institutions, and local municipal offices.

Recently, we have reported that the government of South Korea announced that it would prohibit foreigners and minors from dealing with currency trading or opening accounts in local banks.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.